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A company showed the following information in its payroll register for the week ended March 16, 2021 Deductions Pay Distribution Office EI Premium 29.88
A company showed the following information in its payroll register for the week ended March 16, 2021 Deductions Pay Distribution Office EI Premium 29.88 Income Taxes: Medical Insurance CPP Union Dues 361.73 47.50 85.77 90.00 33.20 454.79 52.50 95.67 105.00 Total Deductions 614.87 771.15 Net Pay 1,185.13 Sales Salaries Expense 1,800.00 Salaries Expense Shop Salaries Expense 1,228.85 38.18 27.39 2,000.00 582.71 25.00 110.52 127.50 883.91 1,416.09 2,300.00 262.06 128.65 1,691.29 35.00 160.00 78.34 370.30 28.75 401.25 481.55 2,751.49 1,168.45 4,998.51 1,650.00 1.000.00 1,650.00 4,300.00 Required: 1. Prepare a General Journal entry to record the payroll register Information. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 > Record payroll deductions for the pay period ending Mar 16. Note: Enter debits before credits Date Mar 16 General Journal Debit Credit Journal entry worksheet < 1 Record payroll deductions for the pay period ending Mar 16. Note: Enter debits before credits. Date Mar 16 General Journal Debit Credit View general journal Record entry Clear entry 2. Prepare a General Journal entry to record the employer's payroll expenses resulting from the payroll. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 Record the employer's payroll expenses. Note: Enter debits before credits. Date Mar 16 General Journal Debit Credit Clear entry View general journal Record entry Brows Next 3. Prepare General Journal entries to accrue employee fringe benefit costs for the week. Assume that the company matches the employees' payments for medical insurance and contributes an amount equal to 8% of each employee's gross pay to a retirement program. Also, each employee accrues vacation pay at the rate of 6% of the wages and salaries earned. The company estimates that all employees eventually will be paid their vacation pay. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record employee benefits. > Note: Enter debits before credits. Date Mar 16 General Journal Debit Credit View general journal Clear entry Record entry
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